Property Valuation
An appraiser in Mississippi uses the 'extraction method' to estimate land value when there are no vacant land sales. This method:
AExtracts land value from the total property value by subtracting the depreciated value of improvements
BExtracts rental income to capitalize into land value
CExtracts value from comparable improved sales by removing the improvements
DBoth A and C describe the extraction method✓ Correct
Explanation
The extraction (abstraction) method estimates land value by subtracting the depreciated cost of improvements from the known sale price of comparable improved properties, thereby 'extracting' the land value component.
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